Tag: steelmakers production plans
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South Korea: Ferrous scrap inventory shows uptrend for first time in 2 months
Slowing price gains, output cuts push up inventories Market awaits demand pick-up in Mar amid uncertainty SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills rose by 0.4% w-o-w to 611,000 t. Domestic steelmakers’ inventory increased for the first time in about two months, likely due to slowing price gains and…